In the contemporary world, it is undoubtedly evident that the world runs around the usage of credit cards. With the immense awareness and development of credit cards, people are now less worried about their financial crisis that might arrive some time or any other impromptu money requirements. Thanks to the nationwide employment of credit cards, people could stabilize their needs when it comes to money. In this blog, you will find the eligibility for a DIB credit card and its minimum salary requirements.
DIB is the short form of Dubai Islamic Bank, which started in 1975. This is considered to be the world's first full service Islamic bank and it is located primarily in Dubai, UAE. In the meantime, they have extended their office with branches all across UAE and even to other nations. It offers finance and banking services for individuals as well as businesses. Their services include account creation, credit cards, personal finance, auto finance, home finance, corporate banking and investment banking. Now, it is time for us to explore the DIB credit card eligibility and the minimum salary requirement to get the DIB credit card. Getting to know the details will tune your knowledge with eligibility requirements, needed documents and factors that are crucial while applying for the credit card.
The DIB credit cards are available in various forms like classic credit cards, platinum credit cards, gold credit cards, etc. These credit cards offered by Dubai Islamic Bank have multiple benefits like rewards, cash back and discounts on dining, travel, shopping and more. There are certain factors that determine the eligibility to apply for the DIB credit card. Let us look at the eligibility standards and be prepared with those things before applying for a credit card from Dubai Islamic Bank.
The initial step to apply for a DIB credit card is that you need to have proof of identity that you are living in the UAE. In this case, you can either be a UAE citizen or a UAE resident. What matters here is that it should be properly proven that you are now a part of the UAE.
If this identity proof is there with proper details, then it makes the remaining qualifying categories much easier.
The tenancy contract is something that is applicable for the non native people of UAE. Here, a copy of your tenancy contract will act as legal proof of your residence in UAE. In the same way, the utility bills are also used to confirm the physical location of your residency. You can use any of these proofs at your convenience while applying for a credit card from Dubai Islamic Bank.
The Dubai Islamic Bank credit card eligibility requires the people to be at least 21 years old before applying for it. However, it is always better to check the minimum as well as maximum age limits for the credit card since it might vary a bit from card to card. To be on the safer side, it is always advisable to do a clear check of the age eligibility of which type of credit card you are going to apply for.
Another significant eligibility before applying for a DIB credit card is your status of employment. It checks if you are employed at present and if you will be capable of paying the value. So, this requires you to be either self-employed or earn a salary or own a business before choosing for the credit card. The next steps, following these eligibility factors, would be the determining standards of minimum salary for the credit card.
The credit score is a number ranging between 300 and 850, which will determine the creditworthiness of an individual. This means it is a score that refers to how likely an individual will repay the charges or debts of the credit card. It is calculated with the help of your transactions, previous payment history, credit types, credit utilization ratios and so on. Usually, credit cards are approved by taking this as a most important criteria all over the world and the same applies with DIB.
Based on this score and taking it as one of the qualifying factors, the bank will make their decision whether to approve the credit card or not. Therefore, in UAE, a credit score of 650 and above is considered as a DIB credit card eligibility number and it will help with further processing of the credit card. This makes it necessary for an individual to maintain a good credit score in order to get the credit card approval.
In order to apply for a Dubai Islamic Bank credit card, you are supposed to fall under the DIB credit card minimum salary requirement category so that you can successfully apply for a credit card and get it approved. The purpose of setting this salary limit is to check if you will be able to repay the charges of the credit card based on your salary or any source of income.
The minimum salary expected while applying for a Dubai Islamic Bank credit card would be AED 5,000, and it is subject to all the people who are a part of the UAE. The minimum salary limit might range between AED 5,000 to AED 25,000 because the limits are based on the credit card that you are applying for. A general credit card will only check if an individual has a salary limit of AED 5,000. In cases like platinum credit card or signature credit card, you are preferred to have the DIB credit card minimum salary limit of more than AED 5,000, and that might be somewhere around AED 15,000 to AED 25,000. Hence, it is always better to check the details with the preferred credit card before applying for it.
The process of DIB credit card for minimum salary application has a huge responsibility and when it comes to the employment of an individual, it is highly recommended to have all the supporting documents to avoid unforeseen issues. One such additional document is your salary certificate. It must be from your employer, which includes your job role, monthly salary or salary details as a whole, and the status of employment. The motive for submitting this particular salary certificate is to assure the bank that you are currently employed and living with a steady income from your job. If you already receive salary slips for your monthly income, you don't have to submit a salary certificate. You can use your salary slip as proof, which would be enough for the bank.
The above salary certificate is only relevant for job-seeking individuals and not for self-employed, freelancers, or business people. So, in this situation, people who are self-employed, freelancing, or in business are expected to provide proof of income to get the DIB credit card. The best option for you would be to provide the bank statement showing consistent income credits.
The Dubai Islamic Bank will ask for your bank statement when you would like to apply for a credit card. This is due to the reason that with the help of the bank statement, the bank will check and see how an individual is managing the finances, and it will be an essential proof in deciding if the concerned individual will maintain their credit card expenses and repay them.
Therefore, recent bank statements from the last 3 to 6 months are submitted as proof for Dubai Islamic Bank credit card salary requirements. Being prepared with everything and having it well documented will further lead to the smooth process of DIB credit card application.
There are multiple benefits of Dubai Islamic Bank and let us explore those benefits.
In this blog, we have seen the Dubai Islamic Bank credit card salary limit, Dubai Islamic Bank salary requirements, and the precautionary things to do while applying for a DIB credit card. Though the steps to apply are simple, the requirements and Dubai Islamic Bank credit card eligibility standards make it a little time-consuming if you are not prepared with all the necessary documents and proofs before proceeding with the application. Moreover, DIB has set up only a few required proofs, and there are not too many documents or any other supporting factors needed.
Yes, your credit score is necessarily counted towards your DIB credit card approval. This is because your credit score is the basic feature that defines your ability to pay your credit card expenses.
You can apply for the credit card either by visiting the nearby bank's branch office or through the official website of Dubai Islamic Bank. You can also apply through bank kiosks at various locations. It is convenient as per your preference.
Anyone can complete all the procedures, like submitting the required documents and supporting proofs online, by visiting Dubai Islamic Bank's official website and getting them completed. Once the steps are completed successfully and you get verified, you will receive your DIB credit card to your specifications.
No, there is no threshold for you to spend in order to avail yourself of the cashback offers. You will get them with whatever amount you spend using your credit card.
The Dubai Islamic Bank strives to offer credit cards based on people's requirements and preferences. Hence, it has a wide range of credit cards. Beginning with a basic credit card, it offers platinum credit cards with multiple specifications, signature credit cards, infinite credit cards, gold premium credit cards, and more.
The DIB Prime platinum credit card offers card protection plus the ability to set security preferences and settings for your card. It also offers roadside assistance, balance transfer, and a high cash withdrawal rate of up to 80% of the total card limit.
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FABCashback Credit Card
Minimum Salary AED 5,000
Annual Fee AED 315
Rate 3.50%
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FABCashback Credit Card
Minimum Salary AED 5,000
Annual Fee AED 315
Rate 3.50%
